{"id":36410,"date":"2013-06-27T11:24:29","date_gmt":"2013-06-27T15:24:29","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36410"},"modified":"2013-06-27T11:24:29","modified_gmt":"2013-06-27T15:24:29","slug":"apple-and-blackberry-continue-to-play-cruel-tricks-on-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2013\/apple-and-blackberry-continue-to-play-cruel-tricks-on-hedge-funds.html","title":{"rendered":"Apple and BlackBerry continue to play cruel tricks on hedge funds"},"content":{"rendered":"<p>Yahoo &#8211; One of the most popular trading ideas among tech funds is to short\u00a0BlackBerry\u00a0\u2014 more than 30% of its stock was sold short recently. And another very popular idea has been going long on\u00a0Apple, of course. As we all know, those two trading strategies went tragically awry last winter, when Apple\u2019s share price plummeted from $700 to $400 and BlackBerry\u2019s stock spiked from $6 to $18. This helped demolish the performances of many of the best known tech funds on Wall Street in the fourth quarter last year and the first quarter in 2013. But that\u2019s not the interesting part. The interesting part is that the weird winter trends seemed to have reversed in the spring and many funds flocked back to shorting BlackBerry shares and going long Apple\u2026. only to see a counter-reversal taking place.<\/p>\n<p><a href=\"http:\/\/news.yahoo.com\/apple-blackberry-continue-play-cruel-tricks-hedge-funds-172012839.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yahoo &#8211; One of the most popular trading ideas among tech funds is to short\u00a0BlackBerry\u00a0\u2014 more than 30% of its stock was sold short recently. And another very popular idea has been going long on\u00a0Apple, of course. As we all [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-36410","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=36410"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36410\/revisions"}],"predecessor-version":[{"id":36416,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36410\/revisions\/36416"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}